EURAUD recently broke a strong level of resistance on the daily time frame. Now we see the pair coming back for a retest on the broken zone. I see bullish momentum building up on this zone.
Looking at a monthly timeframe, the pair has been going in a zig-zag direction. In March we touched on a major level of monthly resistance, Price found resistance on the level. Looking at the daily time frame, the pair is moving in a bearish channel. Today we see the pair coming closer to a daily resistance level . Where we are expecting to see the market...
Looking at a monthly timeframe, the pair has been going in a zig-zag direction. In March we touched on a major level of monthly resistance, Price found resistance on the level. Looking at the daily time frame, the pair is moving in a bearish channel. Today we see the pair coming closer to a daily resistance level. Where we are expecting to see the market...
Breakout on the EURNZD wating for a retest before we go long
Support level is broken, Waiting for a retest then going short on the pair.
EURAUD( EURO/Australian Dollar) has been on a downward trend for a long time until the pair reached the 1.61181 and 1.60750 Zone. Price bounced at this zone forcing the market to create a lower high on 1.63649 and 1.63306 zone. We saw the market going down to the 1.60750 zone on the 8th of June failing to close below the zone. On the 9th, the price went up Until...
The pair created a double bottom and the neck have been broken wishing you many pips.
The market tested 1.29180 level 5 times in 2018, the pair is following a channel and it is about to reach the support of the channel. it is worth noting that the channel support line intersect with a support line at 1.29180, the level of support at the mentioned price is a strong level. The channel support at this level act as first confirmation that price will...